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i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not. >> they had a whole series of recommendations, and the president said i will stand by what they did, except they're still waiting for him to stand by them. >> he's never taken it seriously, in not in his budget, not in his budget state, know when bowl simpson came city. not when they wanted a clean debt limit increase. so that he is winning a debate over the fiscal future of the country is astonishing! and. >> but he's keeping something else off page one! what is it? >> this is a genuine. >> the unemployment problem? it doesn't even figure in this. >> could not keep unemployment off the front page. it doesn't have to be on the
i think he wants a big deal. i think he will take cuts that contracts won't want and take taxes. because his presidency and the future of the country -- he believes -- [everyone talking at once] >> socialistic. that what you're saying. >> vaguely socialistic, yes. >> when they came out with the report he said -- >> what is that report? >> that's a report that deals with the long-term deficit problems of this country. >> they recommend taxation, do they not....
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Jul 9, 2011
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gates hada big role in yes, did. >> gohead. >>ea i think they'll center to try to cut the @@defense buet by, i don't know,@0 -- 50, 100 billion, dollars00 billion is the numbe" i've seen over 10 years. >> okay with reducing the budget? >> yes. >>worry you? >> china -- >> if we don't maintain a@ position of worl military superiority we won't be the number one in the@wod, check? >> if we let our economy down the toilet, we won't be number one in the world@either. and we cat afford this! >> we're not number one militaly in the world -- in @@ our -- in our circumstances. we will still -] @@not be the number one [everyone talki at once] worlds power? next 15 countries we'll still power. number one military [everyone talking at once]@@ >> nal power and counterinsurgency. that where you'll see the >> we center to maintain military superiority ove" everyone to be the worlds's number >>> issue four, brace for impact! ptain chelsea sullenberger visited the aviation museum in north carolina for the arrival of the u.s. airways plane that h
gates hada big role in yes, did. >> gohead. >>ea i think they'll center to try to cut the @@defense buet by, i don't know,@0 -- 50, 100 billion, dollars00 billion is the numbe" i've seen over 10 years. >> okay with reducing the budget? >> yes. >>worry you? >> china -- >> if we don't maintain a@ position of worl military superiority we won't be the number one in the@wod, check? >> if we let our economy down the toilet, we won't be number one...
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Jul 16, 2011
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gwen: i want to take us into a big think at the end. we've been all covering washington for a -- number of years, and each time this happens we know we're going to come up with a deal at the end. but this time it feels shakier somehow. is it possible anymore to get broad bipartisan agreement on important things as long as each side as dug in their heels? >> absolutely not. this week we see no aleagues shattered. not -- now that the republicans have a measure of responsibility they will help us govern. they were wrong. second, i think obama has elected that we were moving into a post-partisan era. when all the old battles of the right or left, the clintons thinking of doing was over. they're still republicans. they're not like democrats. there are still quite a few of them. one thing about the republican party you can say this week, it's not post partisan. >> the lame duck session, which wasn't so long ago achieved a lot but with a bunch of members of congress who had been shoate vo -- voted out of awes. gwen: which is the only way they
gwen: i want to take us into a big think at the end. we've been all covering washington for a -- number of years, and each time this happens we know we're going to come up with a deal at the end. but this time it feels shakier somehow. is it possible anymore to get broad bipartisan agreement on important things as long as each side as dug in their heels? >> absolutely not. this week we see no aleagues shattered. not -- now that the republicans have a measure of responsibility they will...
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Jul 2, 2011
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>> the big yachts? >> the big yachts! [everyone talking at once] >> don't you think this is more joe the plumber stuff he he says he wants to spread -- >> it's small -- small -- [everyone talking at once] >> small board demagoguery. >> i favor higher taxes on the rich, on the wealthy without question as part of this package. but if you can't get it for the reasons patted described, it's ridiculous to -- it's not going to go anywhere. >> for people like you and we want you to invest, we want you to invest in new properties. we want to you take risks. and -- maybe you can support t maybe you can't. some of you can't. but the 1 who take the risks are the one who have the money. and they do take the risk because of >>> the u.s. flag's colors and patterns are mimicked on walk shorts, bathing suits, even thongs. the supreme court decision texas versus johnson 22 years ago affirmed that even if you burn the flag or pour acid on the flag or deficate on the flag, it is not a misdemeanor and certainly knoll a felony therefore. it i
>> the big yachts? >> the big yachts! [everyone talking at once] >> don't you think this is more joe the plumber stuff he he says he wants to spread -- >> it's small -- small -- [everyone talking at once] >> small board demagoguery. >> i favor higher taxes on the rich, on the wealthy without question as part of this package. but if you can't get it for the reasons patted described, it's ridiculous to -- it's not going to go anywhere. >> for people like...
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Jul 30, 2011
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conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention to what's on the table now. >> exactly and i think the democratic base won't be happy no matter how this turns out but i think it's entirely possible that over the next 48 or 72 hours that the republican base will become really frustrated and angry because what -- there was one long-time, congressman tom cole, been around washington for a long time, he said this week, there's a lot of learning going on in our caucus and they're learning they don't own the senate and they can't push pure snow what their proposal is and it was his estimation
conversation about a big issue. gwen: they forced a big conversation. >> at some point you have to say to yourself -- i'm saying, any party, what are our goals, what did we achieve and how do we consolidate them. >> the republicans should feel really good right now because the bill that boehner put through was improved in a way to collect even more conservative votes and so it's much more -- gwen: you're saying the democratic base should be more unhappy if they're paying attention...
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Jul 10, 2011
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we're talking big money. and doing something on social security and medicaid. it could all easily collapse, but for the first time, you have the leader of the country and a principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country has to lead. he has not yet. even though we have had the rumors and leaks that he is prepared to look at and to discuss, that is language he has used for two -- "i am happy to discuss --" is that the discussion time. it is crunch time. why have we not heard one proposal from the president? what are you going to do on medicare? >> it is such a certain argument we are having here brought some of us, a few of us, one of us maybe -- [laughter] has an idea that i-he would come to this, -- the idea that he would come to this, "come into my parlor, said the spider to fly." the republicans had their heads handed to them politically -- i am not saying they are substantively wrong -- they tidies debt reductions -- to the reductions -- tied it these debt reductions to the debt limit. i d
we're talking big money. and doing something on social security and medicaid. it could all easily collapse, but for the first time, you have the leader of the country and a principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country has to lead. he has not yet. even though we have had the rumors and leaks that he is prepared to look at and to discuss, that is language he has used for two -- "i am happy to discuss --" is...
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Jul 17, 2011
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they were going to go for the big deal. it was boehner, unfortunately, who could not get past his own caucus, could not get past his own majority leader, who was playing to the base. they have people in the house of representatives who do not believe anything will happen if the debt ceiling is increased. that is the yahoo mentality, and they are dealing with it. by my colleague is trying to make a point about how you have a completed, compliant, growth accepting every leak out of the white house here we have been told that the president is prepared to make cuts in entitlements. name me one. >> jobs. a completed, compliant, supine press. i love that. >> i've got other additives, but we are short on time. >> the other day, abc news position cameras all around the country, and they call them soapboxes cameras. they invited people to say what they had to say about the debt ceiling. we put one of the month at the beginning of the program. people are very upset, even if they do not quite understand what the debt ceiling is. do we
they were going to go for the big deal. it was boehner, unfortunately, who could not get past his own caucus, could not get past his own majority leader, who was playing to the base. they have people in the house of representatives who do not believe anything will happen if the debt ceiling is increased. that is the yahoo mentality, and they are dealing with it. by my colleague is trying to make a point about how you have a completed, compliant, growth accepting every leak out of the white...
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consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement, the fallout from the scandal seems to be far from over. scotland yard say they have identified 4000 possible hacking victims. an inquiry will start into possible wrongdoing by police officers. we have the latest on that part of the case. >> this famous newspaper titles may have been confined to history, but the scrutiny of its methods goes on. britain's most senior policeman has officers investigating whether other officers were bribed by journalists. >> a small group of officers may have engaged in these practices. i will determine to do what we should do, and that is proceed to criminal courts. >> a former employee told the court las
consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement,...
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Jul 26, 2011
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it's a big game. game, creepy, creepy, little game. >> judgmental. at the end of the night do i ask hem to come home with me. >> no, you tell them. they have no choice and they are so overjoyed to have had the opportunity to make sweet sweet love to you. oh, my god, you did. you miagi'd me. >> charlie: tell us about ryan gossling. >> he's obviously a great actor but i met with him for this part. i had a three-hour meeting and he became a friend of mine. >> charlie: the conversation was whether i would hire you for my movie. >> it's weird when you put it that way. but yeah he was somebody we were interested in playing the role and actually we worked togeth and i forgotten about this when i was a young teen we did a pilot together and didn't have scenes but we had worked together many many years before and he reminded me of that fact and he's just a good guy. he's vy very sweet and very kind with a huge heart and funny. that's what's going to surprise people. here's this guy that you know of as a very intense leading man and he is a great advisor in th
it's a big game. game, creepy, creepy, little game. >> judgmental. at the end of the night do i ask hem to come home with me. >> no, you tell them. they have no choice and they are so overjoyed to have had the opportunity to make sweet sweet love to you. oh, my god, you did. you miagi'd me. >> charlie: tell us about ryan gossling. >> he's obviously a great actor but i met with him for this part. i had a three-hour meeting and he became a friend of mine. >> charlie:...
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(toucan squawks) (lively drum intro) ♪ you never do know what's around the bend ♪ ♪ big adventure or a brand-new friend ♪ ♪ when you're curious like curious george ♪ ♪ swing! ♪ ♪ well, every day ♪ every day ♪ ♪ is so glorious ♪ glorious ♪ george! ♪ and everything ♪ everything ♪ ♪ is so wondrous ♪ wondrous ♪ ♪ there's more to explore when you open the door ♪ ♪ and meet friends like this, you just can't miss ♪ ♪ i know you're curious ♪ curious ♪ ♪ and that's marvelous ♪ marvelous ♪ ♪ and that's your reward ♪ you'll never be bored ♪ if you ask yourself, "what is this?" ♪ ♪ like curious... ♪ like curious... curious george. ♪ oh... captioning sponsored by nbc/universal narrator george loved the museum. every time he went, he discovered something new. the new north pole exhibit was frosty fun with its igloos and polar bears.
(toucan squawks) (lively drum intro) ♪ you never do know what's around the bend ♪ ♪ big adventure or a brand-new friend ♪ ♪ when you're curious like curious george ♪ ♪ swing! ♪ ♪ well, every day ♪ every day ♪ ♪ is so glorious ♪ glorious ♪ george! ♪ and everything ♪ everything ♪ ♪ is so wondrous ♪ wondrous ♪ ♪ there's more to explore when you open the door ♪ ♪ and meet friends like this, you just can't miss ♪ ♪ i know you're curious ♪ curious...
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and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural disasters here. the big hit came from gasoline prices that shot up to around $4 for gasoline because of the libyan rebellion. and finally the japanese earthquake and tsunami turned out to be a much bigger negative for us than we may have appreciated. because it cut off the flow of vital parts. put all those things together and it cost a lot of momentum. may very poor job numbers and in june, very poor job numbers. it was kind of surprising because in fact over the last few weeks, we had a wave of optimism because some of those tempering negatives seemed to be going away. as gasoline price
and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural...
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Jul 12, 2011
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i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a smaller government, a more limited government, a more effective vernment, but i think the idea of somebody outside of congress telling us what our tax policy would be is ludicrous. >> rose: (laughs) this is what... i should make a point that we invited senator durbin and senator conrad tonight as well a they'll appear hopefully later this week. this is what david brooks said, as you well know. "if the republican party were a normal party it would take advantage of this amazing moment. it is being offered trillions of dollars in spending c
i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a...
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Jul 30, 2011
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it was a big week for initial public offerings. here's an update on what they returned to investors. the biggest, dunkin brands, debuted wednesday on the nasdaq. it's up over 52% from its $19 i.p.o. price. teavanna gained 66% this week. chef's warehouse up 18% since the i.p.o., but biopharma company horizon pharmaceutical unchanged from its i.p.o. price of $9 per share. and that's tonight's "market focus." president obama took a break from the debt ceiling drama today to announce an historic agreement on new fuel efficiency standards. the deal will double overall fuel economy to 54.5 miles per gallon by 2025. that could mean filling up your gas tank every two weeks, instead of every week. diane eastabrook looks at some new technologies that could mean an even cleaner and more fuel- efficient ride down the road. >> reporter: if you check out the fuel economy of new cars and trucks, you might wonder if auto makers will be able to increase corporate average fuel economy to nearly 55 miles per gallon by the middle of the next decade. s
it was a big week for initial public offerings. here's an update on what they returned to investors. the biggest, dunkin brands, debuted wednesday on the nasdaq. it's up over 52% from its $19 i.p.o. price. teavanna gained 66% this week. chef's warehouse up 18% since the i.p.o., but biopharma company horizon pharmaceutical unchanged from its i.p.o. price of $9 per share. and that's tonight's "market focus." president obama took a break from the debt ceiling drama today to announce an...
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Jul 26, 2011
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. >> a big difference in appearance. also, if we just swirl the wind around in the glass, we can seem that the chateaux du camp clings. this is more gooseberries. it is generally lighter. >> you can tell that is more expensive? >> it is all about concentration. >> but would you buy such an expensive bottle? >> no. no, certainly not. >> not to drink. no way. >> the thank you very much, indeed. >> the new owner says he broke open a bottle to celebrate the anniversary. at around 10,000 pounds per glass, let's hope it does not disappoint. bbc news in central london. >> i am hoping it is still cocktail hour. maybe it is happy hour. in any event, it brings us to the end of today's broadcast, but remember, you can always get constant updates on our website, and check out our facebook page at facebook.com/bbcworldnews. for all of us, thank you for watching. we will see you back here tomorrow. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, a
. >> a big difference in appearance. also, if we just swirl the wind around in the glass, we can seem that the chateaux du camp clings. this is more gooseberries. it is generally lighter. >> you can tell that is more expensive? >> it is all about concentration. >> but would you buy such an expensive bottle? >> no. no, certainly not. >> not to drink. no way. >> the thank you very much, indeed. >> the new owner says he broke open a bottle to...
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Jul 23, 2011
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of the big three stock indices today. phone giant verizon was among those dragging on the dow. shares fell more than 2%. volume doubled on the drop as the stock is at its lowest price of the month. second quarter earnings were two cents per share better than anticipated. but its iphone business hasn't shown the explosive subscription growth. verizon wireless sign up just two-thirds of the iphone subscribers at a.t.&t. did during the past quarter. separately, lowell mcadams was officially named the new c.e.o., beginning august first. while telecom was one of the weakest sectors, technology was the strongest thanks to semiconductor maker advanced micro devices. earnings came in a penny ahead of estimates, not a huge surprise. but it was a strong third quarter outlook that shot the stock higher. take a look. a.m.d. was the second most actively traded nasdaq stock. volume quadrupled as shares jumped almost 20%. still, they have some ground to gain over worries about a.m.d.'s focus on net-book computers and lower end lap-tops
of the big three stock indices today. phone giant verizon was among those dragging on the dow. shares fell more than 2%. volume doubled on the drop as the stock is at its lowest price of the month. second quarter earnings were two cents per share better than anticipated. but its iphone business hasn't shown the explosive subscription growth. verizon wireless sign up just two-thirds of the iphone subscribers at a.t.&t. did during the past quarter. separately, lowell mcadams was officially...
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Jul 27, 2011
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he chose to go big in a lot of different ways. and perhaps that was necessary as he has said, but it also set off a big backlash. we've been living with the consequences of that ever since. in part he did what he did without any republican support, because they made a calculate political decision tt opposition to obama was in fact the best course for them politically. so as jerry wrote today, the role of government is at the heart of the debate in this country about who we are as a people. but the hyper-partisanship has left us in a position where we can't easily deal with that, even if people of gowill want to do that. >> rose: the 28 election was ara and size of government? >> 2010 was. >> rose: 2010.yes, up to a poi,i think where the republicans may be overinterpreting is 2010 was also a referendum on the unhappiness of the american people about the state of the economy, and that is not entirely different from the role of government and the size of government, but it's not the same thing. it doesn't necessarily lead to the same
he chose to go big in a lot of different ways. and perhaps that was necessary as he has said, but it also set off a big backlash. we've been living with the consequences of that ever since. in part he did what he did without any republican support, because they made a calculate political decision tt opposition to obama was in fact the best course for them politically. so as jerry wrote today, the role of government is at the heart of the debate in this country about who we are as a people. but...
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the big impact when he first arrived home was his personality change. 18 years later, after four attempts of committed suicide, because he could not bear it anymore. >> on christmas island -- >> mod says it is grateful for their help during the nuclear tests. there is help for those who can prove a link. >> ultimately, the children and grandchildren will get justice from the supreme court. that is all we are looking for is justice. >> britain's nuclear veterans are dying at the rate of nearly three every month, but those who remain are determined to continue this battle. bbc news. >> in just one year from now, the world will be watching as the london olympics officially gets underway. it is a chance for countries to strut their stuff in front of the world, and the summer games of 2012 will be no exception. our bbc reporter has gone to see the massive transformation. >> and so, it began. one of the most ambitious and complicated construction projects this country has ever seen. for anyone who has traveled past this site in the last few years, the main sign of progress has been this, the ol
the big impact when he first arrived home was his personality change. 18 years later, after four attempts of committed suicide, because he could not bear it anymore. >> on christmas island -- >> mod says it is grateful for their help during the nuclear tests. there is help for those who can prove a link. >> ultimately, the children and grandchildren will get justice from the supreme court. that is all we are looking for is justice. >> britain's nuclear veterans are dying...
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. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: another blistering forecast greeted millions of americans today. the unrelenting hot weather broke a series of records, and triggered warnings in state after state. >> judging by the -- large portions of the country the sweating is way from over with temperatures over 100 degrees and above. >> how hot do you think it is. >> 109. >> in wichita, a high yesterday of 111 degrees, breaking a record set in 1982.
. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations....
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. >> a big difference in appearance. also, we can see here, it clings to the side of the glass. reminds me of my grandmother making raspberry jam. as here, ok, this is is much more flagrant, gooseberries. it's just generally lighter. >> so you can tell that that glass is more expensive. >> it's all about concentration. >> but would you buy such an expensive bottle? >> no. [laughing] no. certainly not. >> thanks so much. >> not to drink. no way. >> thank you very much, indeed. >> the new owner says he'll open the bottle to celebrate an anniversary. at around 10,000 pounds a glass, let's hope it doesn't disappoint. bbc news in central london. >> well that brings us to the end of today's broadcast. for all of us at "bbc world news america" thank you for watching. see you back here tomorrow. >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> union bank has put its global financial strength to work for a wide range of companies, from small bu
. >> a big difference in appearance. also, we can see here, it clings to the side of the glass. reminds me of my grandmother making raspberry jam. as here, ok, this is is much more flagrant, gooseberries. it's just generally lighter. >> so you can tell that that glass is more expensive. >> it's all about concentration. >> but would you buy such an expensive bottle? >> no. [laughing] no. certainly not. >> thanks so much. >> not to drink. no way. >>...
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and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without preced
and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested...
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Jul 25, 2011
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you know, and it sounds like what is the big difference. but it really needed a specific, for me to understand that real new york vibe, that is what i was going for. >> yet known reason why i should direct a movie. >> i think so too. >> as soon as i write a script. as soon as i get out of here ari will call me and say where's the script. >> the plan is to do a movie. >> rose: i think should come at this table. >> i would love you on a show, a movie it would be great. >> it would up our street cred. >> rose: thank you. great to see you genz. >> thank you very much. >> fundi for charlie rose has been provided by the coca-cola company, supporting this program since 2002. >> and american express. additional fund funding provided by these funders.
you know, and it sounds like what is the big difference. but it really needed a specific, for me to understand that real new york vibe, that is what i was going for. >> yet known reason why i should direct a movie. >> i think so too. >> as soon as i write a script. as soon as i get out of here ari will call me and say where's the script. >> the plan is to do a movie. >> rose: i think should come at this table. >> i would love you on a show, a movie it would...
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that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal deficit that has grown dramatically in the last few years, you're now going to make that worse by making borrowing costs for the government higher. the irony is if the net result of trying to deal with the deficit will be to make borrowing costs higher so that the deficit becomes bigger rather than smaller over time, everybody will have shot themselves in the foot. >> starting with you, jerry, do you see much going on behind the scenes, contingency plans, you know, what-ifs? especially here in washington? you start with washington
that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal...
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. >> what i've tried to emphasize is we have a unique opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm ready to move, even if it requires some tough decisions on my part. >> suarez: the president had previously insisted on extending the debt ceiling through 2012 past next year's election. but after thursday's talks, he settled for asking congressional leaders to review three options with their members. the first-- the so-called "grand bargain" that mr. obama favors-- would cut deficits by about $4 trillion dollars, including spending cuts and new tax revenues. a medium-range plan would aim to reduce the deficit by about half that amount. the smallest option would cut between $1 trillion and $1.5 trillion dollars
. >> what i've tried to emphasize is we have a unique opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm...
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the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine "slate." welcome to you. >> thank you. >> brown: now part of this is, of course, about larger trends of the internet's impact on the book business. but borders also made its own mistakes, i guess, along the way. >> absolutely. >> brown: what happened? >> it's not an easy climate for any retail business or for anybody selling books, obviously. but borders made some strategic mistakes. first and foremost they had a very, very tennuous relationship with the internet. they actually outsourced the sale of a lot of their books on-line from 2001 to 2008 to amazon. and on t
the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine...
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workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,000. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >> brown: but for the union it's in a sense fighting for some relevancy here, i guess, right? >> well, survival basically. there's two things the union needs to do. they need to get a contract that their members will accept. they also have to send a message to the foreign companies. they have been trying desperately to organize the transplants. toyota, honda, nissan, and, frankly, they've had no success. and they've tried this for decades and the new waub president bob king has made this a goal. if they don't organize the transplants they are forever going to be sort of sliding down
workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,000. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors....
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. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of representatives today as speaker john boehner faced a key test of his leadership, four days before the u.s. government could face default. "newshour" congressional correspondent kwame holman begins our coverage. >> reporter: house republicans pushed forward with a vote today on the speaker's plan, even as the measure faced a white house veto threat and a firm wall of opposition in the democratic- controlled senate. boehner's plan would cut the deficit by $917 billion over the next decade by capping the budgets of federal agencies. the proposal would also raise the debt ceiling by $900 billion enough to allow the g
. >> that money could make a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of...
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so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house tomorrow, saturday for a meeting. but boehner says he's not negotiating, what's going on? that's what i am trying to get. we don't know. >> well, john boehner said he himself was going to now negotiate with the leaders of the senate. and to try and come up with something. that was in his statement. so but the president did say, not to come from me, he said be at the white house tomorrow morning at 11:00 and come up with a solution. it's up to you. i know the best of my knowledge harry reid and mitch mcconnell and nancy pelosi have not been-- or citiz
so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house...
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there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota; the massive cheating scandal in atlanta's schools; southern sudan prepares for independence and the roger clemens perjury trial. but first, with the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama announced today he'll begin sending condolence letters to families of soldiers who commit suicide in combat zones. the decision reversed a policy that's been in place for years. military suicides have risen during the long-running wars in iraq and afghanistan. in his statement today, the president said, "these americans served our nation bravely. t
there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota;...